Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $16,207 | $23,102 | $24,697 | $17,596 | $17,725 |
| Gross Profit | $673 | $1,082 | $1,267 | $515 | $669 |
| Operating Income | $673 | $1,082 | $1,267 | $515 | $669 |
| Net Income | $506 | $844 | $941 | $325 | $466 |
Between 2020 and 2022, C.H. Robinson Worldwide, Inc. experienced solid growth across key financial metrics. Revenue increased from roughly USD 16.21 billion in 2020 to nearly USD 24.70 billion in 2022—a cumulative growth of about 52%, with a notable jump (approximately 42%) from 2020 to 2021. Gross profit and operating income mirrored this upward trend, rising from around USD 673 million in 2020 to approximately USD 1.27 billion in 2022, while net income grew from USD 506 million to roughly USD 941 million. This consistent increase suggests effective cost management and operational efficiency during a period when the global logistics and transportation sectors were adapting to enhanced e-commerce demand and evolving supply chain dynamics. However, a significant downturn occurred in 2023, where revenue fell sharply by nearly 29% compared to 2022, and both gross profit and operating income dropped by roughly 59%. Net income declined even more steeply by around 65%, reaching only USD 325 million. This pronounced year-over-year swing indicates abrupt operational or market challenges for the company. In 2024, there was some recovery, with revenue stabilizing around USD 17.72 billion and both gross profit and net income rising by approximately 30% and 43%, respectively, relative to 2023. Overall, while the earlier period showcased robust financial health and growth, the sharp contraction in 2023 raises concerns about sustainability under prevailing market conditions or operational pressures. Continued careful management, along with adaptations to evolving industry challenges within the highly competitive logistics sector, will be key for restoring and maintaining profitability moving forward.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.